Subscription Period for Dynamik-Bond Terminated Early
Due to heavy demand for the WestLB Dynamik-Bond, the Bank has terminated the subscription period, which originally ran until July 18, 2003, ahead of schedule. The issue date is July 23, 2003 and the value date is July 28, 2003. The product has been placed with savings banks throughout Germany as well as with portfolio managers and other credit institutions, including well-known major banks.
With the Dynamik-Bond the subscriber invests in a capital-guaranteed bond in which the annual interest payment is linked to the absolute performance of 15 shares (BASF AG, BNP Paribas S.A., Carrefour S.A., Coca-Cola Company, Endesa S.A., E.ON AG, Group Danone, L´Oreal S.A., Nikon Corporation, NTT DoCoMO Inc., Telecom Italia S.p.A., Total S.A., Toyota Motor Corporation, Unilever N.V., Walt Disney Company). The participation rate is 50% and the minimum interest rate 2%. If the lowest absolute percentage performance of one of the shares is above 2% on the observation dates, this performance multiplied by the participation rate is paid out for the current interest period. The annual interest payment date is July 28th.
The certificates will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").